Coming up: Home sales, LEI, Philly Fed

RuthMantell

WASHINGTON (MarketWatch) -- The annualized rate for sales of existing homes is expected to rise to 4.9 million in November from 4.79 million in October, with affordability feeding demand, according to economists surveyed by MarketWatch. The National Association of Realtors will release the existing-home sales data at 10 a.m. Elsewhere at the same time, the Conference Board will report its leading-economic index, and analysts expect a decline of 0.2% for November, compared with a gain of 0.2% in October. The LEI is a weighted gauge of 10 indicators that are designed to signal business cycle peaks and troughs. Also at 10, the Federal Reserve Bank of Philadelphia will release its gauge of regional manufacturing activity, and economists expect a result of negative 4 in December, compared with negative 10.7 in November, when results were hit by Hurricane Sandy.

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